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Method 1: Write and file your own patent application (the cheapest way) - total cost about $1,000 for most inventors to get an issued patent (USPTO government fees only). A provisional type application is only about $150 to file but this only stays pending for 12 months and is only a 'placeholder' type application.

A patent attorney will usually charge between $8,000 and $10,000 for a patent application, but the cost can be higher. In most cases, you should budget between $15,000 and $20,000 to complete the patenting process for your invention. Previous: Why should you file a patent application? Next: Is your invention valuable?

The cheapest way to get "Patent Pending" status is to file a provisional patent application. All that is required is a detailed description of the invention, an informal drawing, and a synopsis of how you came up with the idea. For small entities, the application fee is $130 and for large companies it is $260.

The Patent Pro Bono Program attempts to match inventors with registered patent agents or patent attorneys. These practitioners volunteer their time without charging the inventor. However, the inventor still must pay all fees that are required by the USPTO; these cannot be paid by the practitioner.

A qualified yes! Drafting your own patent application can be a great way for applicants to defer costs and mitigate risk, and there is some potential for overall cost savings.

A patent can be worth anywhere from US$10,000 to $150,000, depending on its strength. The average US patent sells for $50,000. If you are wondering how to sell your patent, consider selling it to a corporation.